ahlam1399
08-30-2016, 02:21 PM
http://cdn.macrumors.com/article-new/2016/08/EU-apple-tax-250x241.jpgApple should repay 13 billion euros ($14.5 billion) in back taxes dating back to 2003-2014, the European Commission has ruled (via BBC (http://www.bbc.co.uk/news/business-37220799)).
The Apple tax ruling was confirmed this morning, after the judgement was leaked to the media yesterday (http://www.macrumors.com/2016/08/29/eu-rules-apple-received-illegal-state-aid-ireland/). In unequivocal wording, the EU commissioner Margrethe Vestager said Apple's tax benefits in Ireland are "illegal".
"The Commission has*concluded that Ireland granted undue tax benefits of up to ?13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must **w recover the illegal aid." Vestiges said this selective treatment allowed Apple to pay an effective corporate tax rate of 1 percent on its European profits in 2003 down to 0.005 percent in 2014. Therefore in 2014 Apple paid 0.005 percent tax on EU profits, which means that*"For every million euros in profits, it (Apple) paid just ?500 in taxes," said Vestager.
Ireland Finance Minister **onan said the country "disagrees profoundly" with the back tax ruling by the European Commission. "The decision leaves me with ** choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation," he said.
The ruling follows a three-year investigation (http://www.macrumors.com/2014/09/30/eu-ireland-apple-illegal-state-aid-taxes/) into Apple's tax arrangements in Ireland, where it has reportedly paid around 2% or less in taxes compared to the country's headline 12.5% corporate tax rate.
Apple has yet to comment on the ruling.
**te: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues (http://forums.macrumors.com/forumdisplay.php?f=47) forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Tags: corporate tax (http://www.macrumors.com/roundup/corporate-tax/), European Commission (http://www.macrumors.com/roundup/european-commission/), Europe (http://www.macrumors.com/roundup/europe/), Ireland (http://www.macrumors.com/roundup/ireland/)
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The Apple tax ruling was confirmed this morning, after the judgement was leaked to the media yesterday (http://www.macrumors.com/2016/08/29/eu-rules-apple-received-illegal-state-aid-ireland/). In unequivocal wording, the EU commissioner Margrethe Vestager said Apple's tax benefits in Ireland are "illegal".
"The Commission has*concluded that Ireland granted undue tax benefits of up to ?13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must **w recover the illegal aid." Vestiges said this selective treatment allowed Apple to pay an effective corporate tax rate of 1 percent on its European profits in 2003 down to 0.005 percent in 2014. Therefore in 2014 Apple paid 0.005 percent tax on EU profits, which means that*"For every million euros in profits, it (Apple) paid just ?500 in taxes," said Vestager.
Ireland Finance Minister **onan said the country "disagrees profoundly" with the back tax ruling by the European Commission. "The decision leaves me with ** choice but to seek cabinet approval to appeal. This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state aid rules into the sovereign member state competence of taxation," he said.
The ruling follows a three-year investigation (http://www.macrumors.com/2014/09/30/eu-ireland-apple-illegal-state-aid-taxes/) into Apple's tax arrangements in Ireland, where it has reportedly paid around 2% or less in taxes compared to the country's headline 12.5% corporate tax rate.
Apple has yet to comment on the ruling.
**te: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues (http://forums.macrumors.com/forumdisplay.php?f=47) forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Tags: corporate tax (http://www.macrumors.com/roundup/corporate-tax/), European Commission (http://www.macrumors.com/roundup/european-commission/), Europe (http://www.macrumors.com/roundup/europe/), Ireland (http://www.macrumors.com/roundup/ireland/)
Discuss this article (http://forums.macrumors.com/threads/apple-repay-14-5-billion-back-taxes-ec-rules.1990559/) in our forums
http://feeds.feedburner.com/~ff/MacRumors-All?d=6W8y8wAjSf4 (http://feeds.macrumors.com/~ff/MacRumors-All?a=-NsJGXuzfns:RLKsYkOp8vs:6W8y8wAjSf4) http://feeds.feedburner.com/~ff/MacRumors-All?d=qj6IDK7rITs (http://feeds.macrumors.com/~ff/MacRumors-All?a=-NsJGXuzfns:RLKsYkOp8vs:qj6IDK7rITs)
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أكثر... (http://www.macrumors.com/2016/08/30/apple-repay-14-5-billion-back-taxes-ec-rules/)